Apr 18, 2013 4:00am PDT
president obama heads to the site of the boston bombings. in today's cover story, a check-up on abbott labs. is the spin-off bringing re-newed health to the drug company? plus, why cupcakes are falling out of "flavor" with consumers. and investors slice off large chunks of apple, leaving the stock trading barely above $400. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, april 18th. i'm angela miles. in today's first look: stocks run into tumble trouble. unable to attract a steady stream of investors following dissapointing earnings from bank of america and concerns about apple, the major indicies all fell wednesday, with the dow cooling off 138 points. gold pushed back $14 and oil dropped $1.99 on concerns about soft demand. ebay and american express fell in the after-hours session on mixed earnings results. among the highlights, ebay's forecast was lighter than expected and american express revenue fell short. and according to the beige book, the fed sees moderate growth in th
Apr 22, 2013 4:00am PDT
to sell its u.s. corona beer business to constellation brands. the obama administration originally blocked the deal, saying anheuser would have had too much control over the american beer market. seaworld stock caught a wave in its first public day of trading. shares opened at $27 and closed just above $33. also friday, blackhawk networks stock opened at $23 and closed around $26. today, truett-hurst wineries is going public in the first winery ipo since 1999. and next week, ing plans to spin off its u.s. insurance unit for $1.5 billion in the second-biggest ipo in a year. mcdonald's first quarter earnings were a mixed bag: profits were up, but same-store sales slowed in the first quarterly decline in a decade. mcdonald's blames the economy and increased competition for the slump. it hopes dollar menu items will bring customers back in the spring. kimberly clark's first quarter profits were up 13% on strong sales in brands kleenex and cottonelle. also, emerging markets are bringing demand for diapers and household goods. still to come, why so many americans are scared of the stock market.